First Principles of Business Law

Quizz: Performance and breach of contract

Question 14

 

 

 

Which one of the following statements is correct?

(a)  A ‘warranty’ is the name given to a term in a contract for which the parties have agreed to limit or exclude their potential liability for breach.

(b)  A ‘warranty’ is the name given to statements made in the course of negotiating a contract but which were not intended by the parties to be legally binding.

(c)   A ‘warranty’ is the name given to a term in a contract that a court infers is not of fundamental importance to the party for whose benefit it was included.

 

 

 

 

 

 

 

 
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